HARBOR BOATING CLUB OF HUNTINGTON NY INC 323 W SHORE RD (EIN 116076994) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

NEIL GETTER

Phone

6313519312

Tax Period

2024-01-01 to 2024-12-31

HARBOR BOATING CLUB OF HUNTINGTON NY INC 323 W SHORE RD, founded in 1949, is a small nonprofit in the Recreation & Sports sector that reported $208K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $52K, a strong 25% operating margin.

Mission

A COOPERATIVE BOAT CLUB TO PROMOTE BOATING IN THE HUNTINGTON COMMUNITY. RUNS AND MAINTAINS MARINA FOR THE RESIDENTS OF HUNTINGTON, NY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $60,800

Program Service Revenue $126,455

Investment Income $1,090

Other Revenue $19,415

TOTAL REVENUE $207,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,954

Fundraising Expenses $0

Program Expenses $155,659

Other Expenses $129,705

TOTAL EXPENSES $155,659

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,760	$179,079	+0.2%
Expenses	$155,659	$163,816	0.0%
Net Income	$52,101	$15,263	+2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL GETTER	COMMODORE	5	Officer	$0	$0	$0
DAVE DODGE	VICE COMMODORE	5	Officer	$0	$0	$0
JOHN RUBCEWICH III	SECRETARY	1	Officer	$0	$0	$0
RAY MCCUSKER	CORRESPONDING SECRETARY	1	Officer	$0	$0	$0
VINCENT PANETTIERI	MARINA MANAGER	5	Officer	$0	$0	$0
BRIAN LYNCH	HOUSE MANAGER	2	Officer	$0	$0	$0
RONALD COSSIO	GROUNDS MANAGER	2	Officer	$0	$0	$0
MARC DREUSIKE	MARINA MAINTENANCE MANAGER	2	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$207,760	$155,659	$158,314	$52,101
2023	$179,079	$163,816	$158,314	$15,263
2022	$176,106	$179,804	$107,651	$-3,698
2021	$174,658	$192,544	$75,999	$-17,886
2020	$161,878	$149,097	$93,885	$12,781

HARBOR BOATING CLUB OF HUNTINGTON NY INC 323 W SHORE RD